DUBLIN – (COMMERCIAL THREAD)–The “Solar Microinverter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026” report was added to ResearchAndMarkets.com offer.
The global solar microinverter market has shown strong growth during the period 2015-2020. In the future, the global solar microinverter market is expected to grow at a CAGR of around 14% during 2021-2026.
A solar microinverter is electronic equipment used in photovoltaic (PV) cells to change the waveform of current. The inverter typically operates in a parallel circuit and is used to transform direct current (DC) into alternating current (AC). The photovoltaic cell system consists of several simple solar panels, each including a microinverter.
The device can separate the output power of each panel and convert it to grid voltage. Compared to conventional string converters, they have various advantages including the ability to maintain constant energy flow despite panel shading, immense design flexibility, ability to maximize solar panel power through technology maximum power point tracking (MPPT) and fire risk reduction.
The market is driven by the growing deployment of solar micro-grids, as well as the growing demand for energy in the commercial and industrial sectors. The increase in residential rooftop solar installations is also acting as another major growth driver.
In addition, the increasing use of building integrated photovoltaics (BIPV) is also increasing the growth of the market. BIPV is the integration of photovoltaic generators into building envelope materials that act as an auxiliary or primary source of electrical energy. Microinverters help maintain ambient temperatures while protecting the building from various fire hazards.
In addition, factors such as the growing demand for products due to its remote monitoring capabilities, the increase in research and development (R&D) activities and the implementation of government initiatives to promote the use of energies. renewables further stimulate market growth.
The report also analyzed the competitive landscape of the market with some of the major players being
ABB Asea Brown Boveri Ltd
Enphase Energy Inc.
Altenergy Electrical System Inc.
Darfon Electronics Corporation
Delta Energy Systems (Germany) GmbH
Alencon Systems LLC
Omnik New Energy Co. Ltd.
EnluxSolar Co. Ltd.
Sungrow Deutschland GmbH
Sensata Technologies Inc.
Main topics covered:
2 Scope and methodology
3 Executive summary
5 Global Solar Microinverter Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
6 SWOT analysis
7 Value chain analysis
8 Porter’s Five Forces Analysis
9 Market breakdown by connectivity
9.2 On the network
10 Market breakdown by component
11 Market breakdown by communication channel
12 Market breakdown by type
12.1 Single phase
12.2 Three phase
13 Market breakdown by application
14 Market breakdown by region
15 Price analysis
16 Competitive landscape
16.1 Market structure
16.2 Key players
16.3 Profiles of key players
For more information on this report, visit https://www.researchandmarkets.com/r/f3dmqq